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Harmonic Inc.

NASDAQ•HLIT
執行長: Mr. Nimrod Ben-Natan
板塊: Technology
行業: Communication Equipment
上市日期: 1995-05-23
Harmonic Inc., together with its subsidiaries, provides broadband solutions worldwide. The company operates through Broadband and Video segments. The Broadband segment sells broadband access solutions and related services, including cOS software-based broadband access solutions to broadband operators; and cOS central cloud services, a subscription service for cOS customers. The Video segment sells video processing, production, and playout solutions and services to cable operators, and satellite and telco Pay-TV service providers, as well as to broadcast and media, including streaming media companies. Its video processing appliance solutions include network management and application software, and hardware products, such as encoders, video servers, high-density stream processing systems, and edge processors. This segment also provides VOS360 SaaS platform that provides both streaming and channel origination and distribution services; and software-as-a-service (SaaS) solutions, which enables the packaging and delivery of streaming services, including live streaming, VOD, catch-up TV, start-over TV, network-DVR and cloud-DVR services through HTTP streaming to various device along with dynamic and personal ad insertion. The company also provides technical support and professional services, such as maintenance and support, consulting, implementation, integration services, program management, technical design and planning, building and site preparation, integration and equipment installation, end-to-end system testing, and training, as well as SaaS-related support and deployment. It sells its products through its direct sales force, as well as through independent resellers and systems integrators. The company was incorporated in 1988 and is headquartered in San Jose, California.
聯絡資訊
2590 Orchard Parkway, San Jose, CA, 95131, United States
408-542-2500
www.harmonicinc.com
市值
$1.11B
本益比 (TTM)
-25.7
42.6
股息率
--
52周最高
$12.18
52周最低
$7.80
52周範圍
49%
排名60Top 89.2%
2.1
F-Score
改良版 Piotroski 分析
基於 10 年期基本面
疲弱 • 2.1 / 9 分
評分區間 (0-9)
8-9: 價值優異
6-7: 基本面強勁
4-5: 整體穩健
0-3: 表現疲弱
資料區間: 2016-2025

財務儀表板

Q4 2025 數據

營業收入

$98.24M+0.00%
近4季度走勢

每股收益

-$0.49+0.00%
近4季度走勢

自由現金流

$9.61M+0.00%
近4季度走勢

2025 Annual 財報亮點

核心亮點

SaaS Revenue Growth SaaS and Service revenue increased 6% to $57.7M, driven by expanded service offerings despite overall revenue decline.
Backlog Significantly Increases Total backlog grew 73% year-over-year to $573.8M, indicating strong future contracted revenue visibility for 2026.
Video Business Divestiture Complete Entered agreement to sell Video business for $145M cash; continuing operations now focus solely on Broadband segment.
Net Loss Post-Divestiture Reported net loss of $(43.3M) in 2025, impacted by goodwill impairment charge related to the Video disposition.

關注風險

High Customer Concentration Risk Top customer accounted for 54% of 2025 net revenue; loss of major customer severely impacts financial results.
Appliance Revenue Declines Appliance and integration revenue fell 30% to $302.8M due to customer deployment timing delays with DOCSIS 4.0.
Geopolitical Operational Exposure Facilities and outsourced engineering in Israel and Ukraine face risks from ongoing regional conflicts and instability.
Technology Transition Risks Software-based cOS initiatives face risks if competitors adopt new broadband standards faster than anticipated.

未來展望

Strategy Focus on cOS Solutions Strategy centers on delivering software-based access solutions to improve speed, reliability, and superior customer experience.
Timely Product Introduction Critical Future growth depends on timely development and introduction of new products meeting evolving broadband industry trends.
Managing Cash and R&D Monitoring cash position ($124.1M cash) while continuing significant investment in research and development efforts.
Broadband Segment Growth Expected Expect strong long-term growth as customers adopt virtualized DOCSIS, CMTS, and FTTH solutions going forward.

同行對比

營業收入 (TTM)

UPBD stock ticker logoUPBD
$4.70B
+8.7%
PENG stock ticker logoPENG
$1.37B
+10.8%
TASK stock ticker logoTASK
$1.18B
+19.0%

毛利率 (最新季度)

RPD stock ticker logoRPD
68.9%
-1.4pp
YALA stock ticker logoYALA
68.3%
+4.1pp
VRNT stock ticker logoVRNT
67.6%
-0.2pp

關鍵指標

股票代碼
市值
本益比 (TTM)
股東權益報酬率 (TTM)
負債率
FSLY$3.10B-25.3-12.9%28.7%
DGII$1.88B44.16.8%16.8%
CTS$1.49B22.711.9%16.0%

長期趨勢

近4季度
營業收入
淨利
營運現金流
4季度營業收入複合增長率
-9.6%
增長承壓
4季度淨利複合增長率
N/M
盈利狀態轉變
現金流穩定性
75%
現金流波動較大

深度研究

下次財報:2026年4月27日
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